Mirae Mutual Fund CEO quits

MUMBAI: Arindam Ghosh, the CEO of Mirae Mutual Fund, has quit the fund house and has been replaced by Jisang Yoo, the present CFO of the company . After spending five years with the organization, Ghosh “has expressed his desire to pursue other interests and the board, with great reluctance, has accepted his resignation”, a release from Mirae MF said.
On Tuesday, there were reports that South Korea-headquartered Mirae MF, which globally manages about $53 billion worth of assets, may exit India.According to data from AMFI, as of March 2012, Mirae MF was managing funds worth Rs 444 crore, up marginally from Rs 422 crore as of December 2011 and 17% up from Rs 380 crore as of March 2011.
Mirae had set up its India operations in 2007 and was badly hit during the financial crisis years of 2008 and 2009.